A smart city employs high-end |
According to“ Market Study on |
technology infrastructure that includes |
Upcoming Smart Cities in India, 2015”, |
comprehensive IT infrastructure, a |
the smart cities project in India would |
network of sensors, cameras, wireless |
involve overall investments in tune of |
devices and data centers for efficient |
USD2 trillion for development of trunk |
and effective delivery of essential |
and internal infrastructure in 100 cities |
services such as electricity, water |
planned under the project. Budget |
supply, sanitation, recycling, managing |
allocation towards the smart cities |
traffic, transportation systems, etc. |
program stood at around USD1.2 billion |
Broader elements to be incorporated |
for 2014-15. Gujarat, Rajasthan, |
into a smart city include Smart Energy, |
Karnataka and Kerala are few of the |
Smart Environment, Smart |
states where maximum number of |
Transportation, Smart IT & |
smart cities would be developed in |
Communications, Smart Health, Smart |
coming years. Moreover, a number of |
Education, Smart Building and Smart |
smart cities are expected to be |
Governance. In the Union Budget 2014, |
developed with foreign assistance on |
Government of India announced to set |
Delhi-Mumbai Industrial Corridor. Few |
up 100 smart cities in the country. The |
of the major companies such as Cisco, |
main focus of government behind the |
IBM, 3M, EMC, GE, Honeywell, Otis, |
development of smart cities is to |
Timten, Louis Berger etc., have already |
transform India into a digitally |
announced intentions to invest in smart |
Government to Actively Use PPP Route |
under the project. The government is |
and Encourage FDI for Effective |
focusing on encouraging Public Private |
Implementation of Smart Cities Project |
Partnership( PPP) for successful |
in India. A smart city is enabled with |
implementation of smart city project in |
highly advanced technology |
India. Financial and IT services sectors |
encompassing a network of sensors, |
are on the priority list of the |
cameras, wireless devices, IT |
government to garner investments from |
infrastructure and data centers to |
leading companies such as Cisco, EMC, |
efficiently provide essential services |
GE, IBM, Bajaj, etc. in coming years. |
such as electricity, water supply, |
Few of the major companies that are |
sanitation, recycling, transportation, |
currently involved in project planning of |
etc. and ensure their effective |
these cities include Halcrow, Synoate, |
management. Government of India has |
Knight Frank and AECOM India. |
envisioned to set up 100 smart cities, |
The first phase of Dholera smart city in |
with most of the states having at least |
Gujarat is expected to be completed by |
two smart cities. Under this initiative, |
2023. Financial and IT services are the |
the government has set the benchmark |
focus areas of development in the first |
for identification of smart cities based |
phase of Dholera smart city. Overall |
on an array of parameters including |
cost involved in building infrastructure |
current population, presence of tourist |
in the first phase of Dholera smart city |
spots, and religious and economic |
is expected to be around USD2.73 |
importance a city carries with itself. |
billion. Market Study on Upcoming |
According to TechSci Research report |
Smart Cities in India, 2015 has |
“ Market Study on Upcoming Smart |
evaluated the future growth potential of |
Cities in India, 2015”, the smart cities |
the smart cities in India and provides |
project in India would entail |
infrastructure costing of various |
investments of around USD2 trillion for |
currently active smart city projects in |
development of trunk and internal |
the country. |
infrastructure in 100 cities planned | |